Industry News

March 18, 2020 2020
Cruel oil prices due to nitrile rubber market is weak

Saudi Arabia and other continued to increase production led to a drop in crude oil prices, from the source of the entire chemical industry chain to form a strong crackdown. The WTIAPRIL contract fell 39.63 percent from March 2's closing price of $47.52 a barrel to March 16's closing price of $28.69 a barrel, according to the trading agency.


The raw material butadiene acrylonitrile price falls. On the one hand, the price of acrylonitrile has dropped sharply, the ex-factory price of Shanghai secco acrylonitrile was 8,950 yuan per ton at the beginning of March, and as of March 16 the ex-factory price of acrylonitrile was lowered to 8,300 yuan per ton. Anqing petrochemical's ex-factory price for acrylonitrile fell from 9,500 yuan a tonne at the start of the month to 8,500 yuan a tonne on March 16,domestic butadiene prices in 6256 yuan / ton. 


Domestic resume production units gradually increased, the lower reaches of the rubber hose and tape industries have also resumed work, but the overall device is still insufficient, nearly 90% of the downstream industry, but the overall operating rate is still not high, nitrile rubber more on-demand procurement, procurement volume has no obvious breakthrough.


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